It’s not California governorship, but Neel Kashkari finds a job

Neel Kashkari speaks at a press conference in front of the River City Food Bank about his experiences living on the street in Fresno on Thursday, July 31, 2014 in Sacramento, Calif. Brian Nguyenbnguyen@sacbee.com

Neel Kashkari speaks at a press conference in front of the River City Food Bank about his experiences living on the street in Fresno on Thursday, July 31, 2014 in Sacramento, Calif. Brian Nguyenbnguyen@sacbee.com

Failed gubernatorial candidate Neel Kashkari has a new job.

The Federal Reserve Bank of Minneapolis on Tuesday named Kashkari its next president and chief executive officer.

The 42-year-old Republican will take over on Jan. 1. The bank is one of 12 regional banks of the Federal Reserve System.

“Mr. Kashkari is an influential leader whose combined experience in the public and private sectors makes him the ideal candidate to head the Minneapolis Fed,” MayKao Hang, incoming chair of the Minneapolis Fed’s board of directors, said in a prepared statement. “We were fortunate to have outstanding candidates during our national search. Mr. Kashkari stood out because of his inspiring leadership skills, solutions-oriented nature, collaborative style and deep commitment to public service.”

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